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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 143,341 $ 267,512
Accounts receivable, net of allowances of $49,364 and $32,392, respectively 83,616 101,217
Inventories 168,192 171,012
Deferred tax assets, net   4,190
Income tax receivable 10,233 9,332
Other receivables 14,233 11,989
Prepaid expenses and other assets 26,334 30,156
Total current assets 445,949 595,408
Property and equipment, net 49,490 68,288
Intangible assets, net 82,297 97,337
Goodwill [1] 1,973 2,044
Deferred tax assets, net 6,608 17,886
Other assets 21,703 25,968
Total assets 608,020 806,931
Current liabilities:    
Accounts payable 63,336 42,923
Accrued expenses and other liabilities 91,835 80,216
Deferred tax liabilities, net   11,869
Accrued restructuring 738 4,511
Income taxes payable 6,416 9,078
Current portion of long-term borrowings and capital lease obligations [2] 4,772 5,288
Total current liabilities 167,097 153,885
Long term income tax payable 4,547 8,843
Long-term borrowings and capital lease obligations [2] 1,627 6,381
Long-term accrued restructuring 230 348
Other liabilities 12,890 12,277
Total liabilities $ 186,391 $ 181,734
Commitments and contingencies
Series A convertible preferred stock, par value $0.001 per share, 1,000,000 shares authorized, 200,000 shares issued and outstanding, redemption amount and liquidation preference of $203,000 and $203,067 as of December 31, 2015 and December 31, 2014, respectively $ 175,657 $ 172,679
Stockholders' equity:    
Preferred stock, par value $0.001 per share, 4,000,000 shares authorized, none outstanding
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 93,101,007 and 72,851,418 shares issued and outstanding, respectively, as of December 31, 2015 and 92,325,201 and 78,516,566 shares issued and outstanding, respectively, as of December 31, 2014 $ 94 $ 92
Treasury stock, at cost, 20,249,589 and 13,808,635 shares as of December 31, 2015 and December 31, 2014, respectively (283,913) (200,424)
Additional paid-in capital 353,241 345,732
Retained earnings 227,463 325,470
Accumulated other comprehensive loss (50,913) (18,352)
Total stockholders' equity 245,972 452,518
Total liabilities, commitments and contingencies and stockholders' equity $ 608,020 $ 806,931
[1] Changes in core technology, goodwill, and indefinite lived intangible assets relate entirely to the impact of foreign currency translation.
[2] As the interest rate of each credit agreement is variable, typically based on the daily LIBOR rates plus an additional margin, the estimated fair value of each debt instrument approximates its carrying value.